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Gold miners set to re-rate on 'golden marathon'

Velocity Trade Capital's bullish outlook for gold and belief in a long upward trajectory for the yellow metal has it putting some aggressive price targets on companies under its coverage. VTC analyst Michael Siperco told Mining Journal the firm saw a "marathon" not a sprint ahead for gold prices and equities.

Gold miners set to re-rate on  'golden marathon' Gold miners set to re-rate on  'golden marathon' Gold miners set to re-rate on  'golden marathon' Gold miners set to re-rate on  'golden marathon' Gold miners set to re-rate on  'golden marathon'

Top-tier gold producers are tipped to re-rate on exposure to long-term gold price escalation

VTC's bull case has gold climbing to $2,000/oz by year-end 2020, with a sustainable rise to more than $2,500/oz by 2025, with peaks above $3,000/oz possible.